.Ted Select, Chief Executive Officer Morgan Stanley, talking on CNBC's Squawk Package at the Planet Economic Discussion Forum Yearly Satisfying in Davos, Switzerland on Jan. 18th, 2024. Adam Galici|CNBCMorgan Stanley pointed out second-quarter revenue and also profits topped experts' price quotes on stronger-than-expected investing and also financial investment banking results.Here's what the business disclosed: Revenues: $1.82 a share vs. $1.65 a reveal LSEG estimateRevenue: $15.02 billion vs. $14.3 billion estimateThe banking company pointed out earnings rose 41% from the year-earlier duration to $3.08 billion, or even $1.82 every portion, assisted through a rebound in Exchange activity. Revenue increased 12% to $15.02 billion.Shares of the banking company had actually decreased earlier in the session after the banking company's riches control division missed out on quotes on a downtrend in interest income. They were up less than 1% on Tuesday. Riches monitoring profits rose 2% to $6.79 billion, listed below the $6.88 billion estimate, and passion earnings dove 17% coming from a year previously to $1.79 billion.Morgan Stanley claimed that's since its own abundant customers were remaining to shift money in to higher-yielding possessions, thanks to the fee setting, causing lesser deposit levels.Morgan Stanley investors value the more stable nature of the wealth management company versus the much less foreseeable attributes of financial investment banking as well as trading, and also they will definitely want to listen to additional about expectations for business going forward.Still, the banking company benefited from its own Wall structure Street-centric service model in the one-fourth, as a rebound in exchanging and also expenditure financial aided the bank's institutional safety and securities apportionment earn more revenue than its riches control distribution, flipping the normal dynamic.Equity investing generated an 18% enter revenue to $3.02 billion, surpassing the StreetAccount estimate through around $330 thousand. Set earnings trading revenue rose 16% to $1.99 billion, topping the estimation by $130 million.Investment banking income surged 51% to $1.62 billion, surpassing the quote through $220 million, on increasing preset earnings underwriting activity. Morgan Stanley claimed that was mainly driven through non-investment-grade providers elevating debt." The firm provided another sturdy fourth in an improving funds markets atmosphere," chief executive officer Ted Choose mentioned in the launch. "Our experts continue to implement on our technique as well as stay properly set up to deliver growth as well as long-lasting worth for our shareholders." Recently, JPMorgan Hunt, u00c2 Wells Fargou00c2 and also Citigroup each covered desires for earnings and also earnings, a streak carried on through Goldman Sachs on Monday, aided by a rebound in Wall Street activity.